Dendrimo: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
Dendrimo
NACE 69.109, Other legal services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€260,772
2024 · €857,748-€596,976
Equity
€2.6m
2024 · €2.8m-€112,522
Cash
€110,657
2024 · €120,893-€10,236
Balance sheet total
€3.1m
2024 · €3.1m-€16,756
Largest movements
Assets
- Current investments -€80,828
down €80,828 (-3.2%), from €2.5m to €2.4m
- Deferred charges and accrued income +€52,717
up €52,717 (+2,852%), from €1,848 to €54,566
Equity and liabilities
- Reserves -€112,522
down €112,522 (-6.1%), from €1.8m to €1.7m
of which Distributable reserves: -€106,772
- Other debts +€66,442
up €66,442 (+1,107%), from €6,000 to €72,442
- Tax, wage and social debts +€56,598
up €56,598 (+348%), from €16,270 to €72,868
Income statement
- Gross operating margin -€899,208
down €899,208 (-76.3%), from €1.2m to €278,781
- Financial income +€132,125
up €132,125 (+353%), from €37,460 to €169,585
- Taxes +€85,945
up €85,945 (+209%), from €41,059 to €127,004
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€857,748
Gross operating margin
-€899,208
Depreciation
-€849
Other operating charges
-€274
Financial income
+€132,125
Financial charges
-€1,723
Taxes
-€85,945
Deferred taxes and other
+€258,898
Result 2025
€260,772
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€345,777
Investment
+€17,281
Financing
-€373,294
Cash 2024
€120,893
From operations (derived)
+€345,777
Net result for the year
+€260,772
Depreciation
+€48,563
Receivables after one year
+€9,971
Receivables within one year
-€16,577
Deferred charges and accrued income
-€52,717
Provisions
-€1,917
Trade debts
-€25,356
Tax, wage and social debts
+€56,598
Other debts
+€66,442
Investment (derived)
+€17,281
Investment in fixed assets (net)
-€63,548
Current investments
+€80,828
Financing
-€373,294
Contributions, distributions and other
-€373,294
Cash 2025
€110,657
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,092,112 | €3,075,355 | -€16,756 | -0.5% |
| Fixed assets | 21/28 | €352,870 | €367,855 | +€14,985 | +4.2% |
| Tangible fixed assets | 22/27 | €352,870 | €367,855 | +€14,985 | +4.2% |
| Land and buildings | 22 | €287,791 | €313,001 | +€25,210 | +8.8% |
| Plant, machinery and equipment | 23 | €1,778 | €2,157 | +€379 | +21.3% |
| Furniture and vehicles | 24 | €56,736 | €47,126 | -€9,610 | -16.9% |
| Other tangible fixed assets | 26 | €6,565 | €5,571 | -€994 | -15.1% |
| Current assets | 29/58 | €2,739,241 | €2,707,500 | -€31,741 | -1.2% |
| Amounts receivable after more than one year | 29 | €58,718 | €48,747 | -€9,971 | -17.0% |
| Other amounts receivable | 291 | €58,718 | €48,747 | -€9,971 | -17.0% |
| Amounts receivable within one year | 40/41 | €65,853 | €82,430 | +€16,577 | +25.2% |
| Trade receivables | 40 | €44,134 | €72,459 | +€28,325 | +64.2% |
| Other amounts receivable | 41 | €21,719 | €9,971 | -€11,748 | -54.1% |
| Current investments | 50/53 | €2,491,928 | €2,411,100 | -€80,828 | -3.2% |
| Cash at bank and in hand | 54/58 | €120,893 | €110,657 | -€10,236 | -8.5% |
| Deferred charges and accrued income | 490/1 | €1,848 | €54,566 | +€52,717 | +2,852% |
| Total equity and liabilities | 10/49 | €3,092,112 | €3,075,355 | -€16,756 | -0.5% |
| Equity | 10/15 | €2,759,420 | €2,646,898 | -€112,522 | -4.1% |
| Contributions | 10/11 | €924,754 | €924,754 | = | 0.0% |
| Capital | 10 | €924,754 | €924,754 | = | 0.0% |
| Issued capital | 100 | €924,754 | €924,754 | = | 0.0% |
| Reserves | 13 | €1,834,666 | €1,722,144 | -€112,522 | -6.1% |
| Non-distributable reserves | 130/1 | €96,969 | €96,969 | = | 0.0% |
| Legal reserve | 130 | €92,475 | €92,475 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,494 | €4,494 | = | 0.0% |
| Tax-exempt reserves | 132 | €849,549 | €843,799 | -€5,750 | -0.7% |
| Distributable reserves | 133 | €888,148 | €781,376 | -€106,772 | -12.0% |
| Provisions and deferred taxes | 16 | €283,183 | €281,266 | -€1,917 | -0.7% |
| Deferred taxes | 168 | €283,183 | €281,266 | -€1,917 | -0.7% |
| Amounts payable | 17/49 | €49,509 | €147,192 | +€97,683 | +197% |
| Amounts payable within one year | 42/48 | €49,509 | €147,192 | +€97,683 | +197% |
| Trade debts | 44 | €27,239 | €1,882 | -€25,356 | -93.1% |
| Suppliers | 440/4 | €27,239 | €1,882 | -€25,356 | -93.1% |
| Taxes, remuneration and social security | 45 | €16,270 | €72,868 | +€56,598 | +348% |
| Taxes | 450/3 | €16,270 | €72,868 | +€56,598 | +348% |
| Other amounts payable | 47/48 | €6,000 | €72,442 | +€66,442 | +1,107% |
| Non-recurring operating income | 76A | €1,035,068 | - | -€1.0m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,713 | €48,563 | +€849 | +1.8% |
| Other operating charges | 640/8 | €13,977 | €14,251 | +€274 | +2.0% |
| Gross operating margin | 9900 | €1,177,989 | €278,781 | -€899,208 | -76.3% |
| Operating profit (loss) | 9901 | €1,116,299 | €215,967 | -€900,331 | -80.7% |
| Financial income | 75/76B | €37,460 | €169,585 | +€132,125 | +353% |
| Recurring financial income | 75 | €37,460 | €169,585 | +€132,125 | +353% |
| Financial charges | 65/66B | -€2,029 | -€306 | +€1,723 | +84.9% |
| Recurring financial charges | 65 | -€2,029 | -€306 | +€1,723 | +84.9% |
| Profit (loss) for the period before taxes | 9903 | €1,155,788 | €385,859 | -€769,929 | -66.6% |
| Transfer from deferred taxes | 780 | €1,786 | €1,917 | +€131 | +7.3% |
| Transfer to deferred taxes | 680 | €258,767 | - | -€258,767 | |
| Income taxes | 67/77 | €41,059 | €127,004 | +€85,945 | +209% |
| Profit (loss) for the period | 9904 | €857,748 | €260,772 | -€596,976 | -69.6% |
| Transfer from tax-exempt reserves | 789 | €5,357 | €5,750 | +€393 | +7.3% |
| Transfer to tax-exempt reserves | 689 | €776,301 | - | -€776,301 | |
| Profit (loss) for the period to be appropriated | 9905 | €86,804 | €266,522 | +€179,719 | +207% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.